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07-06-2022 11:52 AM | Source: Accord Fintech
Intellect Design Arena jumps on partnering with Bank of Mauritius
News By Tags | #928 #2406 #3619 #572

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Intellect Design Arena is currently trading at Rs. 657.10, up by 12.75 points or 1.98% from its previous closing of Rs. 644.35 on the BSE.

The scrip opened at Rs. 647.70 and has touched a high and low of Rs. 660.10 and Rs. 641.95 respectively. So far 5027 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 986.00 on 07-Apr-2022 and a 52 week low of Rs. 564.00 on 16-May-2022.

Last one week high and low of the scrip stood at Rs. 678.40 and Rs. 624.10 respectively. The current market cap of the company is Rs. 8900.39 crore.

The promoters holding in the company stood at 30.86%, while Institutions and Non-Institutions held 28.02% and 41.12% respectively.

Intellect Design Arena has partnered with Bank of Mauritius, one of Africa’s leading central banks, for the transformation of its central banking operations including the IT infrastructure. The company has strengthened its global presence as a preferred Digital Transformation partner for Central Banks after being chosen by the Bank of Mauritius.

A comprehensive solution specially designed for central banks, monetary authorities and debt offices, Intellect Quantum comes with a scalable, future-proof modern technology framework and API first strategy.

Intellect’s Quantum Central Banking platform is designed to deliver a truly digital and contextual solution that empowers central banks, financial institutions and government entities to seamlessly work together to improve efficiency at national level with comprehensive support for financial inclusion and Treasury Single Account.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.